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Hungary's MOL Is Hit Hard
By Decision to Delay Price Rise

By

Laura Chappell-Brown Staff Reporter of The Wall Street Journal

Updated Aug. 30, 1996 12:01 a.m. ET

BUDAPEST -- Shares of Hungarian oil and gas giant MOL Rt. were hurt by a government decision to postpone a rise in energy prices, but Friday's delayed release of first-half earnings could help the shares regain ground, analysts say.

The government announced Aug. 22 that a price hike planned for October would be shelved until Jan. 1. That sparked a 10% drop in MOL stock the next day, as well as the postponement until next year of an...